Dow futures up by almost 65 points s p up by five and a half, nasdaq up 24 comes after a week we saw gains in the markets take a look at what happened overnight in asia. Green arrow there as well indicating it was up only onetenth of 1 . Hang seng up and shanghai up. In europe, more of the same, gains across the board dax, and france, cac up by almost 1 . Check out crude Oil Prices Oil down by almost 2. This morning up 31 cents we have seen a big take down in gas prices here are big stories this morning. Shares of nestle sharply higher, at record high after activist investor dan loeb announce stake in the company theyre erjing nestle to improve margins, shed noncore businesses earlier nestle considered sale of the confectionary division. Argues nestle should sell 23 stake in the cosmetics maker loreal. Shares at an alltime high today as well. In auto news, the company at the center of the biggest safety recall in history filed for bankruptcy takata saying it would be bought for 1. 6 bi
Jeff flock in chicago on what drivers are paying up at the pump and Rick Reichmuth on a sub tropical storm. Peter, how are things going . Analysts say because the economy is doing so well, people have more money in their pockets and theyre buying plane tickets. 6. 8 more people are flying this memorial day compared to last memorial day. 3. 1 Million People in all. That means longer than usual lines at tsa checkpoints. Your tax dollars are being used to hire 1,000 more officers by the time the peak of the summer traffic season is here. Plus 50 new k9 teams on top of the 600 screeners hired since the start of the year. An expected 2. 6 Million People desend on americas airports for flights that are cheaper than last year. Aaa says that gas prices are responsible for road trips that cost money, plane tickets are down about 7 on average. Theres a lot of volume though. The worst delays according to the bureau of transportation statistics are at the new york airport, in philadelphia, Dulles
drives it to keep going like, this we re told that people are feeling confident, they feel good about their jobs, so they ll keep driving up the demand. normally this peaks around this time of year. it will ebb a little bit. what do you see happen something. you re seeing so much travel. we had a brutal winter in the north and chicago where we re happy. we re not going to cut back during the holidays. what you ll see is gas buddy s travel survey, people are getting anxious and will make cut-backs but they will come between the holidays. you know, we have a lot of traditions, memorial day, labor dade, july 4, all traditional in terms of people making plans. you ll see the cutbacks in between. with poe peck promising more oil production, we could see relief nor the bulk of the season. very good news. all right, patrick. thanks very much. follows this stuff very well. by the way, he was alluded to